XRP has been breaking through the price range against Bitcoin that had been stagnant for a while, raising short-term bullish expectations. Famous cryptocurrency market analyst 'DonAlt' predicted that XRP has technically entered a clear rebound phase and has the potential to rise 193% against Bitcoin (BTC). This means a sharp increase from the current approximately 0.000029BTC to 0.000087BTC, and if Bitcoin maintains its current price of $119,089 (about 165.47 million won), XRP's price could rise to the $10.36 (about 14,399 won) level.
DonAlt pointed out that the key point of this breakthrough is that XRP/BTC has broken upward the 0.000025BTC resistance line on the monthly chart. This price range had repeatedly blocked XRP's rise since 2022. Breaking through this point, XRP is now trading towards its high point for the first time in years, and the industry's view that a long-suppressed bullish market has opened up is growing.
XRP had been assessed as trapped in a stagnant range between 0.0000065~0.000015BTC. However, with recent trading volume increase and monthly bullish candle forming over 40%, the technical reversal signal has become clear. This trend suggests the possibility of capital movement to major altcoins, with XRP at the center of this analysis.
Additional factors have further elevated market sentiment. Expectations for XRP spot ETF release have grown again, drawing investor attention. Although there are no specific schedules or approvals yet, the issue itself is playing a significant role in highlighting XRP's presence.
Not only price but psychological momentum is also supporting XRP's strength. As the cryptocurrency market is experiencing a re-leap, XRP, which has been undervalued long-term, is being re-examined as an altcoin with both technical and psychological rebound factors.
If the current trend continues, XRP may form a high point beyond investor expectations in a short period. However, industry experts advise carefully examining external factors such as regulations and ETF approval in addition to technical analysis.
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